ANOTHER TEXAS BANK FAILS

CHICAGO TRIBUNE

The board of directors of the Federal Deposit Insurance Corp. approved paying off insured depositors in the failed First National Bank of Teague, Tex. The FDIC said deposits in the central Texas bank amounted to $26.3 million in 5,400 accounts. The comptroller of the currency Thursday closed the bank, the 101st in the nation and the 11th in Texas to fail this year.